You are only somewhat correct. Your risk in the current system is determined by your leverage relative to average leverage. If everyone is levering high and so do you, you don't have much risk and your return is about the same as if the leverage feature didn't exist at all. The risk creeps in if you have your leverage set high and then other investors suddenly reduce there. You are then subject to being quickly wiped out. Thanks. On the other hand, if I invest more than others, but leverage less than them, I still get a decent return if the player lorse and if he wins, I end up owning a larger percentage of the bankroll (and if the investors suddenly reduce their leverage, the consequences are les important for me). The downsides (out of a greater exposure because of a greater percentage of the bank) is that I have more to lose in case of the site getting hacked or "hacked" (as you brilliantly wrote it some time ago). Update: excellent news, bobbax! yesterday when I phoned, I forgot to tell you of my proposal for max profit so here it is. Like to "dump hashed log" proposal that I see you are implementing, this solution is simple to: 1. Go back to previous system. Bankrage * X = max profit 2. Change the multiplier. Two options 2.1 Change X as you see fit. Pros: simpler Cons: maybe for mathematical reasons (Kelly criterion?) this X should not be changed - this is above my payrate 2.2. Add a second multiplier, Y. Pros: in case there is a reason for X being X, you can safely change another variable - this will also permit a finer control of the max profit Cons: you end up with to multipliers (X and Y), which is inelegant if you have no reason to have the value of X being fixed |
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Hot tip is only available for those who read the thread actively, sorry for the others  And this is great way to encourage reading, visibility, adoption... |
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I'd like to share some thoughts
Say the bankroll is 10,000 XMR. I place 1,000 XMR, I have 10% of bankroll so if someone loses 50 XMR, I'm eligible to 5 XMR.
Now I leverage at 4:1 and the average leverage is 30:1. The bankrage is now 300,000 XMR and my own contribution is 4,000 XMR, which is 1,33%. So, if some wins 50 XMR, I only get 2,3%.
Conclusion: leverage does impact your APR. If you leverage less than the average, you'll get less interest (and less risk of losing). I tended to consider that casino offers a 50% APR, but leverage makes is harder to get this, since investors make it riskier. To stick with a 50% APR, you must match the average leverage. If you are surrounded by risk-takers (like it is the case for XMR), you end up with something not much less risky than trading.
Do I have something wrong here?
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Years ago, Our Lord visited His humble servant and told him that the passing of the century shall be celebrated accordingly, to be remembered for the centuries to come.
The Great Ancient Church will complement the Cathedral. A monument to the glory of Our Lord Almighty, it will celebrate faith and wisdom and culture.
The Church is a work of devotion and the best way to show such devotion to Our Lord is for you to spend something significant. The busy man shall spend time visiting the poors and the needy. The healthy man shall work hard, the wise man shall educate his brethen, and every man shall donate moneritos, to the measure it is not a negligible part for him.
The peasant shall donate and the highest of noble too. The amount donated doesn't matter, as long as it is a sum he will feel lightening his wealth.
So were the tellings and so shall be it? The recently nominated Archdeacon Callixtus will celebrate the regular masses in this church. Any donators will be remembered in words and praise and stone.
Callixtus mentionned to me this metaphor by the friars of the Company of Theophany : if the soon-to-be completed church is like the 10 fingers of a servant, then sphericon, who donated hundred millions moneritos as soon as he learnt of the construction, is the Right Thumb of the Church. From here, one shall easily deduce how much is required for the Church to be fully funded.
For those who cannot find the result, said the archdeacon, the Company of Theophany has course of mathematics available.
Update:
210 millions moneritos have been donated to the church out of a total of... you know it
with 100 millions moneritos, sphericon is the Right Thumb of the Ancient Church
with 100 millions moneritos, saddam is the Right Index of the Ancient Church
with 10 millions moneritos, anarchy is a Right Phalange of the Ancient Church
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I suppose install a theme with the ability to tweak it to look somewhat like that is a way to go. I am also fond of the sleek mymonero design. A mix of those could be cool. They a both fresh. The current design is a bit ehem.. archaic and heavy and lacks basic spiffy things such as favicons, vector-logo (for retina screens), decent cropping of images etc. (I apologise for being upfront, but that has been the community sentiment) Thanks for taking the suggestion in a positive manner.  And thanks for proposing improvements Let's continue this conversation there? http://moneroeconomy.com/forum/appearance-requests#comment-198
not so fast, even in Bitcoin there is a lot room for "improvement" (like replacing the elliptic curve that is unsafe) I forgot this one on my Monero vs. Bitcoin matrix. Fixed, thanks |
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The presentation was beautiful, waiting for the video Thanks - that was two days of my life spent making that damn presentation:-P Two days, that much? I thought it was only one day, you have been discreet to me, Ric For information, my original presentation with Google Slides. You can judge the difference. You could make the moneroeconomy.com website look like the presentation-design. It looks very nice. I might be able to help, depending. Good idea! I'll check with Lyt0s if it is doable. We have a test website for just this. By the way, did you notice we changed the design recently (not much, mostly font-size, fonct-color and background)? http://moneroeconomy.com/forum/appearance-requests |
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It has been two weeks since our security fork. I think we can look at the data and call it a success. Coins per day has returned to approximately normal with full inflation control ability:  Difficulty is high as ever. Lots of people were on the old chain for a few days, or even a week or so, thus stocking up stake weight that raised the difficulty when they got to the main chain. I also beleive that the narrow time drift parameter will in general ensure that difficulty stays a little bit higher than it was because we now reject any blocks too far into the future that would have pushed our difficulty down.  Development is now starting to return to its normal path. The last two weeks we (me, allejupa, idunk, and many others) have focused on taking care of a lot of bugs in the code, getting the autotools build system to work smoothly, and launching a testnet so that we can test some cool new code without impacting the main net. Now we will be focusing on moving HYP development forward. Some development items on the list:- Get gitian to build so that we can have a nice cross compiler which will allow for 32 and 64 bit binaries for Windows and Mac. This will also allow us to check our builds to make sure that viruses or bad code doesn't somehow make it into the build. Allejupa from irc is very interested in this project, and will be testing some code over the next few weeks. - Stake time estimator I would like to build a tool that will let you hash each of your coin blocks days/weeks into the future and tell you when your block will most likely stake. This is completely doable, your PoS hash doesn't change through time, only the difficulty level does. - OpenAlias port for HyperStake - https://bitcointalk.org/index.php?topic=678849.msg10420461#msg10420461- Expand RPC infrastructure and make daemon more and more lightweight - As I continue to use my odroid as my main staking machine, I would like to make RPC much more like the QT wallet, but without the resource consumption. I think that a lot of us have Raspi's and other small arm based machines and that we should continue to make HYP the best coin to stake on these devices. - MultiSend GUI for QT - MultiSend has been a huge success so far. It has efficiently replaced Stake For Charity and greatly expanded its capabilities. Now I would like to finish this project off by adding it to the GUI. |
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The presentation was beautiful, waiting for the video Thanks - that was two days of my life spent making that damn presentation:-P Two days, that much? I thought it was only one day, you have been discreet to me, Ric For information, my original presentation with Google Slides. You can judge the difference. |
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As for point three, true, but what good is a ledger of tx's if the whole thing is obscured as to origin? Very good: Monero presentation, Coinfest Estonia 2015 (page 3, especially latest point on miners censoring)
A similar concern with Monero (and any PoW coin) is mining centralization: if an entity can control the 2 or 3 largest mining pools, then the entire network can be compromised. It's a problem that definitely will become an issue in the future if not addressed. Again, I think this is fundamental design issue with the winner-take-all approach to block rewards. I don't have a solution  , especially the "decentralisation" section
As a rule, that secure company becomes corrupted through force or greed or subversion of some kind, sooner or later. Satoshi on 17th January 2009: You know, I think there were a lot more people interested in the 90's, but after more than a decade of failed Trusted Third Party based systems (Digicash, etc), they see it as a lost cause. I hope they can make the distinction that this is the first time I know of that we're trying a non-trust-based system. |
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This might be a good site/redirect for the "how do I get started" educational resource (like https://bitcoin.org/en/choose-your-wallet ) For anyone that would like to create a nice website that shows all current and future monero accounts(The wallet will be the general term that encompasses Accounts, as I just noticed Monero is using the word account instead of wallet similar to what consumers use irl, "Bank accounts, paypal accounts" , I'll give you monerowallets.com, for free(initially it will be leased so I can make sure it's being used for it's intended purpose)
An attempt: choose your walletOfficial page: https://getmonero.org/getting-started/choose |
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Ouai c est sur, ça mérite d être creusé. Faut vérifier que tu quittes pas ton geolier pour un bourreau kwa Pas mal, la comparaison |
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"l'avantage de contrôler ses dépenses au plus près, sans commissions d'intervention supplémentaires et sans frais d'incidents." Attends il parle de quoi la ? des découverts ? Bah c est sur t as pas possibilité de faire un découvert donc aucun risque et ils en font quoi de l argent qu ils te prennent (massivement) ? Direct dans leurs poches pour l engraissage ? Réinvesti dans l'économie ? y a pas beaucoup d infos mais ça sent la belle carotte de mon point de vue Les frais sont énormes, on est d'accord. Ce qui m'intéresse, ce n'est pas tant leur service que d'amener l'idée de ne plus dépendre d'une banque. Amener peu à peu l'idée d'être sa propre banque. S'éloigner des banques traditionnelles est un premier pas. |
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par contre, c'est en hors-sujet que ça devrait aller (nulle part, il y a de crypto. citée ...  ) Je croyais que hors-sujet c'est pour la culture de champignon dans les Ardennes et le dernier concert de Metallica. Là, je parles d'un sujet relatif, quand même : l'adoption des cryptos. Mais bon pas grave, l'important c'est que tout le monde soit OK. |
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http://www.surfandbiz.com/article/nickel-sans-banque.htmLe compte sans banque séduit les français au pas de course et devrait franchir prochainement la barres des 50.000 clients à travers l'Hexagone A votre avis, est-ce que ce service va aider à sensibiliser les gens à l'idée d'être leur propre banque (et donc à populariser les cryptos)?
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Great overview! Should go on the monero.cc website, I guess? Some small corrections: - if not open-source, I would maybe indicate "closed source", as this is a critical thing in crypto currencies (Monero Client .NET and mymonero.com as well, strictly speaking)
- mymonero.com should maybe have dashes for all "binary" flags
- an API/RPC column would be really helpful (only simplewallet, I think?)
- BitKoot's CryptoNoteWallet is graphical
- What makes BitKoot's CryptoNoteWallet "official"?
A bug on the forum prevents me to add it, I already created a bug report For closed-source, I will add a column (this is only for mymonero so far and I will add a mention that it will ultimately be open-sourced). I won't do it with the present BBCode, because this is horrible to edit, Markdown is much better (essentially because you can insert HTML in Markdown) API/RPC column: it would require more than a yes/no, right? Because not every software would accept any API/RPC Similarly, I will add an OpenAlias column Since this is a lot of colum, I will pivot the table, with one column per wallet (instead of one row, presently) I will correct for cryptonote - mere oversight, when copying/pasting, thanks  |
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Salut les gars, Merci à superresistant d'animer cette thread comme personne. Bravo, superbravo! J'aimerai bien que le fanboy DRK arrête de considérer cette thread comme une antichambre de BrokenCoin (et en passant arrête de confirmer qu'il est un parfait représentant de la gent sombrepiécenne, à venir vomir sur les threads des autres tel un Témoin de Jehovah frappant à toutes les portes). Il est bizarre ce classement CoinGecko CoinGecko ne prend en compte qu'un seul repo github, alors que la majorité du travail est effectué sur d'autres repo. Monero a près d'une dizaine de développeurs actifs dans leur coin et ce n'est que quand le code est estimé suffisant qu'il est fusionné. Et quand il est fusionné, il l'est d'un coup ou deux. Donc, pour cette double raison, là où il y a 200 commits au total, Coingecko n'en verra que deux ou trois. Et ceci ne changera pas, donc CoinGecko sous-représentera toujours Monero (sauf s'ils changent leur critères). Quelques sites sur Monero: - https://forum.getmonero.org/, site de la MCT (Monero Core Team), site officiel. C'est aussi là que se trouve le forum officiel, l'idée
Bitcointalk n'est pas un bon environnement si nous voulons des discussions sérieuses sur Monero. Ceci devrait être évident. A un moment, nous devons couper le cordon et nous déconnecter de Bitcoin, surtout que nous n'avons que peu de points et aucun code en commun. Il ne serait pas juste de forcer les nouveaux à se taper des milliers de scams, troll et attaquants sur bitcointalk pour trouver une pépite de temps en temps.
De plus, vous ne pourrez me faire croire qu'un fil unique sur un forum Bitcoin suffira pour les gens qui ont besoin d'aide pour lancer et utiliser Monero. Non; nous avons fait notre temps ici, ça ne sert à rien de maintenir tous les fils Monero sur Bitcointalk. Tous ceux ici qui ont besoin de savoir quelque chose sur Monero le savent déjà. - http://moneroeconomy.com/, site du MEW (Monero Economy Workgroup), site pour promouvoir l'écosystème autour de Monero
- Un troisième site est en cours de conception, je ne peux en dire plus
Il y a bien sur d'autres sites, mais ces trois-là sont amené à devenir les principaux. Au sujet des GUI, voici un texte que j'ai publié. Je le traduirais probablement un jour (je pense le publier d'avoir sur le coin-coin): http://david.latapie.name/static/cryptos/XMR/monerodocs-whyistheofficialguiwalletnotreleasedyet.htmlEgalement, une compilation des raisons pour laquelle Monero est important. Tout est en anglais et je vous encourage à suivre tous les liens. Un monerotalk est prévu, qui remplacera cette longue liste par un (encore plus long) texte : http://moneroeconomy.com/faq/why-monero-mattersPour une vision un peu plus large de Monero : http://david.latapie.name/static/cryptos/XMR/monerodocs-threepillarsofmonero.htmlNotons également OpenAlias, une technologie développée par Monero et qui vient d'être adoptée par Bitcoin (Electrum pour être exact): http://david.latapie.name/static/cryptos/XMR/monerodocs-whatisopenalias.htmlIl y a une dizaine de jours est sorti xmr.to, qui permet de payer n'importe quelle adresse Bitcoin avec du XMR Voici aussi une liste des objectifs de Monero: https://getmonero.org/design-goals/. Vous noterez que les paiment ID sont amenés à être remplacé par quelque chose de plus efficace (tout comme OpenAlias a été la réponse au système bancal de BBR - qui avait cependant le mérite d'avoir lancé l'idée) Pour ce qui est de l'activité : c'est une des coins les plus actives, mais c'est comme la confiture : comme on en a beaucoup, on ne l'étale pas (pas assez, je reconnais). Pas d'article "encouragés" sur les sites web, par exemple. L'OP anglais signale toutes les missives : https://bitcointalk.org/index.php?topic=583449 jusqu'à la 21 (comme on quitte bitcointalk, on ne met plus trop à jour, les dernières sont sur forum.getmonero.org, actuellement en maintenance). Pareil pour les moneroworld digest, qui sont des résumés de l'activité sur IRC et Bitcointalk (il finira bien par y en avoir une pour forum.getmonero.org) J'ai signalé ici combien de développeur actifs: https://bitcointalk.org/index.php?topic=583449.msg10565152#msg10565152 7 core team members, 3 cryptographes professionnels ou universitaires, plus une demi-douzaine de développeurs très actifs (et d'autres moins actifs). Pour bien comprendre Monero, il faut voir qu'il est dans l'état de Bitcoin en 2010. Comme Monero n'est pas un fork de Bitcoin, il doit reconstruire tous ce que les forks ont gratuitement - et il en profite pour améliorer, faisant de ce handicap une force. Au niveau aussi de la qualité du code et des réflexions cryptographiques, j'invite les personnes intéressées à consulter http://lab.monero.cc/Le payment ID, tu ne le trouve pas: tu le génères C'est une chaîne de 64 caractères hexadécimaux. Sous Unix (Mac, Linux et FreeBSD, car Monero est également disponible sous FreeBSD), lance cette commande dans un terminal: Sous Windows, tape 64 caractères compris entre 0 et F Une bonne pratique est de se créer un payment ID et de le réutiliser à chaque fois. Comme ça, ce payment ID sera considéré par le plus grand nombre comme le tien. C'est ce qu'on fait pour les donations, les souscriptions au MEW... Ai-je signalé que le payment ID est en cours de refonte ? Dans tous les cas, aucun risque de voir ton argent disparaitre avec un payment ID. Le plus gros risque, c'est quelque utilise ton payment ID pour faire croire que c'est toi qui a envoyé de l'argent. J'essaierai d'être un peu plus présent sur le fil que j'ai créé, mais sans garantie. Je suis sur Paris, je serais au premier repas du coin le 2 ainsi qu'au meetup du 19. Et probablement d'autres rencontres |
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Heh, unrelated issue, but on the Monero team, I noticed for David Latapie it says, "David Latapie is a French publisher, transhumanist"
I've never understood this Ray Kurzweil and others cult. Ad personam: A last trick is to become personal, insulting, rude, as soon as you perceive that your opponent has the upper hand, and that you are going to come off worst. It consists in passing from the subject of dispute, as from a lost game, to the disputant himself, and in some way attacking his person. It may be called the argumentum ad personam, to distinguish it from the argumentum ad hominem, which passes from the objective discussion of the subject pure and simple to the statements or admissions which your opponent has made in regard to it. But in becoming personal you leave the subject altogether, and turn your attack to his person, by remarks of an offensive and spiteful character. It is an appeal from the virtues of the intellect to the virtues of the body, or to mere animalism. This is a very popular trick, because every one is able to carry it into effect; and so it is of frequent application. Now the question is, What counter-trick avails for the other party? for if he has recourse to the same rule, there will be blows, or a duel, or an action for slander. By the way, you also insulted a substantial amount of cryptocurrency enthusiasts (including several deeply respected ones), since I found out that cryptocurrency have an unusually large concentration of transhumanists. That being said, if you wish to continue on this topic (since you seem to be interested to understand), I replied extensively to your consideration on the off-topic forum: Transhumanism. |
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